EMerging Equity
petrodollar
Financial Warfare And The Declining Dollar
By Ryan McMaken With the creation of the BRICs bank and now the Asian Infrastructure Investment Bank (AIIB), the major economies of the world are hoping to lay the foundation for a multi-polar financial world beyond the unilateral control of the United States. Due to the enormous size of the U.S. economy, coupled with the reserve … Continue reading
MENA Oil Exporters Need Swift Adjustment To Lower Prices, IMF Says
The Middle East and North Africa (MENA) region is experiencing a modest economic recovery, despite the sharp drop in oil prices and deepening conflicts, the IMF says in its latest regional assessment. The Regional Economic Outlook Update, released on May 5, projects that growth will increase slightly to about 3 percent in 2015 (see table). … Continue reading
The War On Petrocurrencies
By Gulam Asgar Mitha U.S. Secretary of State Hillary Clinton in 2007 had supposedly asked ex-Australian Prime Minister Kevin Rudd “how do you get tough on your banker?.” This was over concerns about China’s growing power and hold on U.S. finances. According to Wikileaks, Rudd told Clinton to keep force as a last resort. Do … Continue reading
De-Dollarization: China Is Now Advertising The Renminbi As The ‘New World Currency’
By Michael Snyder The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what … Continue reading
The Sanctions Of Mass Destruction – Fueled By Petrodollars – OpEd
By Garikai Chengu Under the late King Abdullah, Saudi Arabia played a role most treacherous in world affairs: its oil fueled U.S. militarism and its money funded Islamic extremists. Saudi Arabia is perhaps the greatest inherent contradiction of U.S. foreign policy. Prior to the 20th century, the value of money was tied to gold. When … Continue reading
Global De-Dollarization And U.S. Policies
By Vladimir Odintsov In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might. In order to prevent Washington from establishing complete global hegemony, certain countries have recently been revising their positions towards these two elements … Continue reading
The Slow Death Of The Petrodollar
By Daily Kos Blog It’s hard to figure out the state of the dollar these days. On one hand it is strengthening so quickly that it threatens to hurt exports, and there is even talk of a bubble. The market is so hungry for the safety and liquidity of Treasuries that interest rates are being crushed to … Continue reading
The New Global Economy: The Rise Of China And Decline Of The U.S.
By G. Asgar Mitha There is a limit to economic manipulations by empires. All empires have perished due to economic hardships. The Ottoman, Soviet and the British empires were no exception in the past century. Waste was the key product of these empires. Whether the only empire – the US – understands it or not, … Continue reading
Russia And China: The Dawning Of A New Monetary System?
By Peter Koenig The statement by Chinese Foreign Minister Wang Yi on 22 December 2014: “If the Russian side needs it, we will provide necessary assistance within our capacity” – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by … Continue reading
Oil Price Blowback: Is Putin Creating A New World Order? – OpEd
“If undercharging for energy products occurs deliberately, it also effects those who introduce these limitations. Problems will arise and grow, worsening the situation not only for Russia but also for our partners.” – Russian President Vladimir Putin By Mike Whitney It’s hard to know which country is going to suffer the most from falling oil … Continue reading
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